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The U.S. dollar fell 1.02 percent to 109.32 yen its lowest since April 21, as more economic data drove U.S. government bond yields towards critical lows. The euro lost 0.9 percent 123.25 yen.
With the Bank of Japan keeping 10-year Japanese bond yields pinned to zero, the dollar-yen exchange rate has been closely correlated for the past year with any shifts in U.S. 10-year Treasuries.
According to the Rabobank analysts, "it is worth pointing out that the US 10-year is hovering above the key technical level at 2.13 percent".

June 6 page 001 1



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